Puig closes first half year with profits up 79%

The Spanish beauty and fashion group Puig (including the brands Carolina Herrera, Rabanne, Charlotte Tilbury and Byredo) closed the first half of the year with revenues of EUR 2.3 billion, up 7.6%, and a net profit of EUR 281 million, up 79.1%.

Driving the growth was the American area, which with 867 million (+10.9%) accounted for 38% of the total, supported by strong demand in North and South America. The Asia-Pacific region realised EUR 234 million (+16.5%), while the Emea region - the most important by value with EUR 1.2 billion (52% of the total) increased by 3.6%.

"We outperformed the market with a 7.6% increase in net sales on a like-for-like basis, reflecting the solidity of our brands," comments Marc Puig, President and CEO of Puig. "Fragrances performed well and make-up showed an encouraging recovery. Ebitda rose by 8.6% in line with our 2025 targets. The second half is always our busiest period, with Christmas demand and the completion of the launch of Carolina Herrera's new fragrance, La Bomba'.

Fragrances are the main segment of the company's business with 1.7 billion (+8.6%) or 73% of total revenues, thanks to continuous innovation in the prestige and niche portfolios; while make-up returned to growth with a value of 339 million (+2%) contributing 15% to total revenues. Lastly, skincare recorded revenues of 276 million with a growth of 8.6%.